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  • Business - Market Data
  • Updated: October 22, 2020

Nigerian Stock: MTN Nigeria Heads Gainers List, As GlaxoSmith Slides Into Losers List

The Nigerian Stock Exchange market closed with 3,375 deals on Thursday, October 22, 2020, lower than the 4,367 deals it closed with on Wednesday, October 21, 2020. The volume reached 311,33 million units at the close of the market on Thursday, higher than the 326.57 million units it closed with on Wednesday.

The value of trades recorded on Thursday was NGN4,691 billion, higher than the NGN4,224 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 28,563.87 index points, higher than the 28,449.49 All-Share Index of Wednesday.

The stock market also ended with a NGN14,929 trillion equity capitalisation on Thursday, lower than the NGN14,870 trillion recorded on Wednesday.

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Top Five Gainers

MTN Nigeria led the top gainers' chart after its stock price gained NGN2 to close trading at NGN140 per share after opening today's trading with NGN138 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Stanbic IBTC was second on the table, as its stock price gained NGN1 to close the market with NGN44 per share, having started trading today with NGN43 per share.

UAC Nigeria was the third top gainer as its stock price closed the market with a NGN0.55 kobo gain to move from the opening price of NGN6.6 kobo per share to NGN7.15 kobo per share. Wapco follows, closing the market with a gain of NGN0.35 kobo to end trading with NGN17.65 kobo per share from the opening share price of NGN17.3 kobo per share.

Dangote Sugar was last on the top five gainers' table after its share price stabilised at NGN0.3 kobo per share to close trading at NGN13.8 kobo per share, having opened trading at NGN13.5 kobo.

Top Five Losers

On the top of the losers' list is Glaxosmith, which had begun trading earlier today at NGN5.6 kobo per share, only to drop in price by NGN-0.2 to close at NGN5.4 kobo per share at the end of trading today.

CAP Plc was second on the chart after closing at NGN18. 5 per share from its opening trade price of NGN18.7 kobo per share; this represents a drop of NGN-0.2. International Breweries also recorded a drop in its share price as it declined by NGN-0.19 kobo to close trading at NGN6.25 kobo per share, below the NGN6.44 kobo per share it opened with.

Zenith Bank also recorded a drop in its share price as it declined by NGN-0.15 kobo to close trading at NGN20.65 kobo per share, below the NGN20.8 kobo per share it opened with. Access Bank completed the top five losers chart after it closed trading with NGN7.65 kobo per share, declining by -0.65% from the NGN7.7 kobo per share it opened trading with.

READ ALSO: Controversy: Sanwo-Olu, LCC Contradict Each Other Over Lekki Massacre

Top Five Trades

AllNews learnt that the top trades in the stock market for today were GTBank, which traded a volume of over 77.84 million units worth NGN2.33 billion. Access Bank was the second most traded stock today with over 57.65 million units worth over NGN442.77 million. Zenith Bank was next on the list, trading 39.58 million units worth NGN813.76 million.

First Bank was the fourth on the most traded stock list, closing the market with over 21.74 million units traded at a cost of over NGN131.57 million, while UBA completed the top five list with over 18.16 million units traded today, worth NGN122.81 million.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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